Neodymium Oxide Price - July 26, 2023

Rare earth market quotation in China: neodymium oxide, praseodymium neodymium oxide, holmium oxide and dysprosium oxide price increase slightly on July 26, 2023. 

With the gradual increase of positive factors, the confidence of suppliers to raise prices has increased, but since the negative factors have not completely dissipated, investors should still operate cautiously.

From the perspective of the supply side, due to factors such as more recent extreme weather, stricter environmental protection policies, weak downstream demand, low rare earth prices, and tight electricity consumption in some areas, some rare earth manufacturers have slow production speeds. The recent suspension of mineral production in some areas of Myanmar and the still low purchasing power of the renminbi are not conducive to the warming up of my country's rare earth import market, and will help holders maintain firm quotations.

From the perspective of demand, the current low price of rare earth raw materials, the difficulty in increasing the spot supply in the market, and the continuous release of relevant favorable policies will all help downstream users to increase their enthusiasm for consumption.

Prices of rare earth products on July 26, 2023

Picture of praseodymium oxide

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